2026/03/05 GBP/JPY Trade Strategy

Today's GBP/JPY call: Sell.

Still ranging, so this doesn’t look like a market where you can aim for a big move.
The bigger trend is down, and the current 1-hour bias is also to sell for now, but price is near the range low, so be careful not to sell at the bottom.

Review

It played out as Scenario A.

I went long from a small pullback after price broke above Line A, the range high.
I took profit when price reached the 210.6 target line and started losing momentum. 47 pips